PricewaterhouseCoopers' advisory services in Malta grew by 40 per cent in 2008, John Bonello, chairman and territory senior partner of PwC told The Times Business.
Mr Bonello was speaking to this newspaper after Kennedy Consulting Research & Advisory, the leading research and advisory firm, ranked PricewaterhouseCoopers number one in business advisory services and management consulting in its Global Consulting Marketplace 2008-2011 report.
Mr Bonello said: "Demand for our advisory services in Malta has been growing strongly in recent years under John Zarb's leadership. In fact in 2008 advisory services grew by 40 per cent and our advisory unit now comprises 35 people including a growing range of specialists to meet the needs of our client base. I would expect demand generally to continue to grow in the face of increased complexity and regulation and for our advisory team to continue to be leaders in meeting that demand."
The Kennedy study also ranked PwC third in the human resources consulting practice area. The annual report reflects Kennedy's analysis of the global consulting marketplace, estimated at approximately $300 billion in 2007.
This latest report and ranking confirms PwC's strong market position as a leading provider of business advisory services and management consulting. With over 25,000 advisory professionals around the world, PwC works collaboratively with over 80 per cent of the world's Fortune 500 companies.
Juan Pujadas, global and US leader of PwC's advisory business said: "At PwC, we're working together with our clients to help them safely navigate through a very difficult economic climate. We're providing practical, cost effective and strategic solutions to help organisations find opportunities amidst uncertainty, and to implement sustainable changes that can transform and improve their business today - and for the long term."
According to the Kennedy report, PwC's size and high potential for growth make it well positioned to serve clients during current conditions such as the recession, the decline in the mergers and acquisitions market, a lack of new technology and the maturing global consulting market.
"Our approach to the market is to bring our clients the benefit of our capabilities across our advisory, tax and assurance businesses - bringing the 'right' team of professionals to bear on the client's issues. It's not only our size that sets us apart from other firms, it's our depth of experience and ability to help clients across a range of industries find the right solution," added Mr Pujadas.
Kennedy's Global Consulting Marketplace report is produced annually and provides a full spectrum analysis of the consulting marketplace. Included are the drivers that shape client demand, market trends, market size and growth, and analysis of the consulting landscape and its leading players.